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Eddy Has Decided on a Conversion Strategy to the New

question 184

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Eddy has decided on a conversion strategy to the new system.In this strategy,it replaces the old system entirely with the new system on an appointed day.It is a very risky approach that can potentially be more costly than running two systems in parallel if serious problems with the new system are found.There is no other system to fall back on.Dislocations,disruptions,and the cost of corrections may be enormous.Which conversion strategy are they employing?


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Original Obligor

The individual or entity originally responsible for fulfilling the obligations of a contract or agreement.

Obligee

The party in a contractual agreement who is entitled to receive a performance or benefit from the obligor.

Express Consent

Clear and voluntary permission given by a person or party to another for a specific action or procedure, often communicated orally or in writing.

Noncompetition Provision

A clause in a contract that prohibits an individual from entering into or starting a similar profession or trade in competition against another party, typically an employer, for a certain period of time and within a specific geographic area.

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